{"id":147186,"date":"2024-09-26T08:15:06","date_gmt":"2024-09-26T01:15:06","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-mortgage-cut-still-insufficient-to-move-the-needle-boost-spending-by-homeowners\/"},"modified":"2024-09-26T09:01:59","modified_gmt":"2024-09-26T02:01:59","slug":"chinas-mortgage-cut-still-insufficient-to-move-the-needle-boost-spending-by-homeowners","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-mortgage-cut-still-insufficient-to-move-the-needle-boost-spending-by-homeowners\/","title":{"rendered":"China\u2019s mortgage cut still insufficient to move the needle, boost spending by homeowners"},"content":{"rendered":"


\nRaft of policy and interest rate changes were unveiled on Tuesday as China\u2019s policymakers sought revive the world\u2019s second-largest economy.
\n
\nSource : South China Morning Post
\nRead more…China\u2019s mortgage cut still insufficient to move the needle, boost spending by homeowners<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Raft of policy and interest rate changes were unveiled on Tuesday as China\u2019s policymakers sought...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-147186","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ChY","jetpack-related-posts":[{"id":123497,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-property-tax-causing-sleepless-nights-for-homeowners-as-beijing-walks-the-tight-rope\/","url_meta":{"origin":147186,"position":0},"title":"China\u2019s property tax causing sleepless nights for homeowners as Beijing walks the \u2018tight rope\u2019","date":"November 29, 2021","format":false,"excerpt":"\r This is the third in a three-part series looking at the potential impact of China\u2019s proposed property tax law.Computer programmer Zheng Wenxuan has two flats in Beijing \u2013 one for his own family and one for his parents who moved from their hometown in the northeastern province of Heilongjiang.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104785,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-banks-become-first-in-chinas-megacities-to-ease-mortgage-rates-others-may-follow-suit-say-analysts\/","url_meta":{"origin":147186,"position":1},"title":"Shenzhen banks become first in China\u2019s megacities to ease mortgage rates \u2013 others may follow suit, say analysts","date":"March 8, 2019","format":false,"excerpt":"\r Mortgage rates in Shenzhen have begun to creep down, in a sign that the strict property controls holding house prices in check in mainland China\u2019s biggest cities may be starting to loosen.\r\rSome of the southern city\u2019s banks have tentatively lowered their borrowing costs for homeowners in the last few\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63630,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/citi-hit-with-us1-6m-fine-in-shanghai-for-violated-mortgage-lending-rules-and-slack-credit-card-issuance\/","url_meta":{"origin":147186,"position":2},"title":"Citi hit with US$1.6m fine in Shanghai for violated mortgage lending rules, and slack credit card issuance","date":"August 14, 2017","format":false,"excerpt":"\r US banking giant Citigroup has been fined 10 million yuan (US$1.6 million) by China\u2019s financial watchdog in Shanghai, accused of violating mortgage lending rules and for showing insufficient care when issuing credit cards. According to the China Banking Regulatory Commission (CBRC)\u2019s website, dated August 11, some of the lender\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138974,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-bank-of-communications-to-initiate-a-mortgage-rate-cut-hewing-to-the-push-to-make-first-homes-more-affordable-and-lift-housing-slump\/","url_meta":{"origin":147186,"position":3},"title":"China\u2019s Bank of Communications to \u2018initiate\u2019 a mortgage rate cut, hewing to the push to make first homes more affordable and lift housing slump","date":"August 30, 2023","format":false,"excerpt":"\r The mortgage rate cut by Bank of Communications or BoCom, as China\u2019s fifth-biggest lender is called, could spur larger banks to follow, days after the Chinese central bank and housing ministry eased their mortgage rules.\r \r Source : South China Morning Post\r Read more...China\u2019s Bank of Communications to \u2018initiate\u2019\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134467,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-disgruntled-homeowners-drive-wave-of-early-repayment-on-mortgages-threatening-beijings-consumption-drive\/","url_meta":{"origin":147186,"position":4},"title":"China\u2019s disgruntled homeowners drive \u2018wave of early repayment\u2019 on mortgages, threatening Beijing\u2019s consumption drive","date":"February 12, 2023","format":false,"excerpt":"\r Amid economic uncertainty and unease about property prices, homeowners in China are sensibly using savings to get ahead on their mortgages, a trend at odds with the national priority of spurring spending.\r \r Source : South China Morning Post\r Read more...China\u2019s disgruntled homeowners drive \u2018wave of early repayment\u2019 on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139392,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shanghai-faces-first-mortgage-boycott-as-stalled-housing-project-angers-homebuyers\/","url_meta":{"origin":147186,"position":5},"title":"Shanghai faces first mortgage boycott as stalled housing project angers homebuyers","date":"October 1, 2023","format":false,"excerpt":"\r Homeowners of The One-Rivera Shanghai say the residential complex appears nowhere near completion despite missing two delivery deadlines, raising the prospect of a boycott on mortgage payments that threatens to worsen sentiment in China\u2019s embattled property sector.\r \r Source : South China Morning Post\r Read more...Shanghai faces first mortgage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/147186"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=147186"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/147186\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=147186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=147186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=147186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}